v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash Flows From Operating Activities:          
Net loss $ (3,727) $ (385) $ (3,618) $ (268)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization     304 451  
Share-based compensation     2,435 918  
Warranty provision     2 17  
Change in fair value of warrant liabilities 871 (2,738) (3,158) (6,917)  
Non-cash lease expense     (199) 143  
Provision for doubtful accounts     34  
Write-off accounts receivables     26  
Inventory obsolescence reserve     187 12  
Changes in assets and liabilities:          
Accounts receivable     (453) (236)  
Inventories     79 (707)  
Prepaid expenses and other current assets     (156) 261  
Accounts payable     (34) 25  
Operating lease liability     197 (29)  
Customer deposits     (1,002)  
Accrued liabilities and other     (523) 39  
Warranty settlement     (10) (34)  
Deferred revenue     (180) 41  
Changes in other non-current assets     58 37  
Net cash used in operating activities     (5,009) (7,249)  
Cash Flows From Investing Activities:          
Proceeds from maturities of short-term investments     5,000  
Capital expenditures for property and equipment     (8) (13)  
Investment in patents and trademarks     (145) (97)  
Net cash (used in) provided by investing activities     (153) 4,890  
Cash Flows From Financing Activities:          
Proceeds from exercise of stock options     588  
Proceeds from issuance of warrants and common stock, net of offering costs     5,729  
Dividends settled in Cash     (120)  
Net cash provided by financing activities     5,729 468  
Net increase (decrease) in cash and cash equivalents     567 (1,891)  
Cash and cash equivalents, beginning of period     3,610 3,955 $ 3,955
Cash and cash equivalents, end of period $ 4,177 $ 2,064 4,177 2,064 $ 3,610
Supplemental Disclosure of Non-Cash Investing and Financing Activities:          
Reclassification of warrant liabilities to additional paid in capital     12,159  
Change in unrealized gain on short-term investments     94  
Dividends on convertible preferred stock     (328) 700  
Dividends settled with common stock     $ 328 $ 140  

Source